Yahoo Finance Zacks.com featured highlights e.l.f. Beauty, California Bank of Commerce, MercadoLibre and Tecnoglass
For Immediate Release
Chicago, IL – March 7, 2023 – Stocks in this week’s article are e.l.f. Beauty ELF, California Bank of Commerce CALB, MercadoLibre (MELI) and Tecnoglass TGLS.
4 Top Stocks to Invest In for Attractive Earnings Growth
Irrespective of whether it is a start-up or a renowned company, earnings growth is the top-most priority for any organization. This is because if the company doesn’t make money, it won’t last long.
So, what’s earnings growth? Study a company’s revenues over a given period, subtract the production cost, and you have earnings. By the way, this is also considered the most important variable influencing the share price. But, expectations of earnings play a noteworthy role.
Earnings Estimates & Share Price Movements
Frequently, we have seen a decline in the stock price despite earnings growth and a rally in price following an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates embody analysts’ opinions on factors such as sales growth, product demand, competitive industry environment, profit margins and cost control. Thus, earnings estimates serve as a valuable tool while making investment decisions. Earnings estimates also help analysts assess the cash flow to determine the fair value of a firm.
Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with historical earnings growth and are seeing a rise in quarterly and annual earnings estimates.
The above criteria narrowed down the universe of around 7,839 stocks to only 15. Here are the top four stocks that stand out:
e.l.f. Beauty operates as a cosmetic company. The company has a Zacks Rank #1 (Strong Buy). ELF’s expected earnings growth rate for the current year is 69.1%. You can see the complete list of today’s Zacks #1 Rank stocks here.
California Bank of Commerce offers deposits, personal loans, e-banking, trade finance, foreign exchange, cash management, mobile and other banking services. The company has a Zacks Rank #1. CALB’s expected earnings growth rate for the current year is 11.6%.
MercadoLibre is one of the largest e-commerce platforms in Latin America. The company has a Zacks Rank #1. MELI’s expected earnings growth rate for the current year is 65.6%.
Tecnoglass manufactures and sells architectural glass, windows, and aluminum products for the residential and commercial construction industries. The company has a Zacks Rank #2 (Buy). TGLS’ expected earnings growth rate for the current year is 7.2%.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2061929/4-top-stocks-toainvest-in-for-attractive-earnings-growth
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Tecnoglass Inc. (TGLS) : Free Stock Analysis Report
e.l.f. Beauty (ELF) : Free Stock Analysis Report
California Bank of Commerce (CALB) : Free Stock Analysis Report
